As independant mortgage advisors we have access to a huge range of lenders and exclusive interest only deals from the whole mortgage market.
This means that when you deal with us you are not tied to just one lender and we can search from over 1500 mortgage products in an instant to find you the best deal to suit your personal requirements.
For advice and help on interest only mortgages call L & C mortgages on: 0800 978 8619
(Lines open 9am-8pm Mon-Thurs,
9am-5.30pm Fri & Sat, 10-4pm Sun)
Our service is absolutely free – 0% commission. So, let us do the hard work while you put your feet up! – What do you have to lose?
Interest only mortgages explained
An interest only mortgage is a type of mortgage where by you only pay for the ‘interest only’ element of your mortgage and you don’t pay towards the capital amount you borrowed. This means that when you take out an interest only mortgage you need to arrange a seperate investment vehicle to pay off the capital amount at the end of the mortgage term.
It is not uncommon for a borrower to start off on an interest only mortgage to keep their payments lower and then switch to a capital repayment mortgages later on perhaps when their financial situation has improved.
Further resources
You may also wish to learn how much you can borrow and what it will cost with our free mortgage calculator tools.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP YOUR MORTGAGE PAYMENTS